NEW
YORK, May 19, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Beyond Meat, Inc. (NASDAQ:
BYND).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/beyond-meat-class-action-loss-submission-form/?id=39603&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Beyond Meat between May 5,
2020 and October 13, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
July 10, 2023 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to the complaint, throughout the Class Period
defendants made numerous materially false and misleading statements
and omissions concerning the Company's ability to produce
plant-based meats at scale. Specifically, defendants repeatedly
assured investors that Beyond Meat conducted "extensive testing" to
"ensure manufacturability" of its plant-based meat products at
commercial scale, and touted the success of the Company's product
tests with its large-scale partnerships as "very positive."
Further, defendants blamed any delays in launching these
large-scale partnerships on Covid-19.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
View original
content:https://www.prnewswire.com/news-releases/bynd-shareholder-alert-jakubowitz-law-reminds-beyond-meat-shareholders-of-a-lead-plaintiff-deadline-of-july-10-2023-301829197.html
SOURCE Jakubowitz Law